• Define the basic elements used to calculate EVM measures—earned value (EV), planned value (PV), actual cost (AC), and budget at completion (BAC)—and where you would find them in project documentation. • Analyze the project documentation from the case study for the data necessary to establish EVM parameters. In other words, is everything you need to establish the EVM parameters for this project contained within that documentation? If not, explain how you might obtain it. Be sure to use specific examples to justify your rationale.
• Discuss the various methods used to determine earned value. Hint – Chapter 9 has a table with these in it
• Select the most appropriate method for determining earned value for the project in the case study. Be sure to use research to substantiate your position. And explain why.
• Demonstrate how EV, PV, and AC are used to calculate the following EVM measures: cost variance (CV), cost performance index (CPI), schedule variance (SV), schedule performance index (SPI), estimate to complete (ETC), estimate at completion (EAC), and variance at completion (VAC). Address each measure listed here.
• Employ EVM equations to calculate the EVM measures (CV, SV, CPI, SPI) for the project in the case study. Post your spreadsheet results (use mine if you had errors). Talk about how you calculated them for this project
• Explain the implications for the project in the case study when CPI is greater than or equal to 1.0, CPI is less than 1.0, SPI is greater than or equal to 1.0, and SPI is less than 1.0. Discuss CPI and SPI and how they work. Tell me the results of CPI and SPI in the case study ad what that means
Instructor’s Feedback • Define the basic elements used to calculate EVM measures
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